SHIB spikes 8 percent which confirms the crypto market recovery. SHIB has made an intraday high of $0.00004763. One million worth of SHIB tokens has been liquidated in an hour which was holding the short position, according to data from the Coinglass.
SHIB spikes 8%:
The crypto market is looking bearish because the flagship currency, BTC, price is down by 16.67%. Ethereum is also down 13.91% from its respective peak of this month. This bearish market has affected a lot of traders. In this time of Chaos, there is only one coin is pointing towards the start of recovery mood. SHIB spikes 8% to confirm that the bearish mood is going to end and we are entering into the recovery mood.
The data from the Coinglass has some interesting facts to reveal, Short positions worth $1 million have been liquidated in less than an hour. SHIB is down -44.96% from its Oct. 28 all-time high at press time. On Nov. 18, it came close to slipping below the $0.00004 level, hitting its lowest level since Oct. 26. The recent spike by the token is a guaranteed signal that the market is going to enter into a recovery mood.
The rival token of SHIB is also down by 68.29% from its Musk-driven price. The listing of the meme currency on the new exchanges will be very helpful in its way to the moon. For more content please click here.